A company expects to invest $5,000 today at 12% annual interest and plans to receive $15,529 at the end of the investment period.How many years will elapse before the company accumulates the
$15,529?
A)0.322 years
B)3.1058 years
C)5 years
D)8 years
E)10 years

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The Answer of A company expects to invest $5,000 today at 12% annual interest and plans to receive $15,529 at the end of the investment period.How many years will elapse before the company accumulates the
$15,529?
A)0.322 years
B)3.1058 years
C)5 years
D)8 years
E)10 years

A Company Expects to Invest $5,000 Today at 12% Annual